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Afterpay vs zipPay

Afterpay or zipPay: Which is the right interest-free platform for you?


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We’re committed to our readers and editorial independence. We don’t compare all products in the market and may receive compensation when we refer you to our partners, but this does not influence our opinions or reviews. Learn more about Finder.

Buying now and paying later has gotten a lot easier with the arrival of interest-free finance platforms such as Afterpay, zipMoney, zipPay and Openpay. However, because there are a few platforms available it may be difficult to decide which is right for you.

If you're looking to purchase something interest-free or are just trying to decide whether interest-free finance is for you, we've compared two prominent platforms – Afterpay and zipPay – to help you narrow down your choices. Remember to consider all costs, features and the flexibility of each platform before you make your decision.

Compare Afterpay vs zipPay

Interest-free period8 weeksFull repayment term
Repayment term8 weeks (fortnightly instalments)
  • 60 days fee-free
  • Repayment terms are ongoing with a $40 minimum payment required
Upfront and ongoing feesNone$6 monthly fee charged the first day of the following month from the date of your purchase

No fees if your balance is at $0

Late payment fees
  • $10 for failed automatic payments
  • $7 late fee if payment hasn't been made 7 days later
Your account may go into arrears if you continue to miss payments (one late payment will not do this)
Payment flexibility
  • You cannot change your payment schedule
  • You can change your payment frequency
  • You are just required to make the minimum $40 per month payment to keep your account in good standing
SignupCan be done instantly online or in-store at participating merchantsSign up online in seconds (subject to approval) using Facebook or PayPal or at a participating merchant
Find out moreRead the full reviewRead the full review
  • Over 18
  • Live in Australia
  • Can enter into a legally binding contract
  • Have a valid email and phone number
  • Use an Australian credit or debit card
  • An Australian resident
  • Over 18
  • Have a Facebook, PayPal or email account
Credit scoreAfterpay reserves the right to report negative activity to credit providers but generally doesn't check credit to approve applications.zipPay reserves the right to check your credit report and report any negative activity to a credit provider.
AvailabilityFull Afterpay store listFull zipPay store list
Data indicated here is updated regularly
Name Product Min Loan Amount Max. Loan Amount Interest Rate (p.a.) Application Fee
Zip Pay
Apply for up to $1,000 as a line of credit to use at a range of stores and pay no interest, ever.

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14 Responses

  1. Default Gravatar
    JackOctober 9, 2019

    Need an answer quick (haha finance assignment) Is ZipMoney a ‘Buy Now Pay Later’ or a ‘Personal Loan?’

    • Default Gravatar
      NikkiOctober 11, 2019

      Hi Jack,

      Thanks for your comment. I hope you are doing well.

      ZipPay, in a nutshell, is buy now pay later payment scheme that lets you purchase items you love and pay later how you choose to repay. You can choose a weekly, fortnightly, or monthly repayment schedule. A minimum monthly payment of $40 is required. To learn more about ZipPay, we encourage you to read about it on this page.

      Hope this helps and feel free to reach out to us again for further assistance.

      With care,

  2. Default Gravatar
    AlexDecember 28, 2018

    I thought they were the same thing until I saw this comparison. Thanks for doing that. Zippay seems to be a lot more complicated by the looks. The $6 monthly fee is charged the first day of the following month from the date of your purchase, which means if I purchased something on the last day of the month, the next day I will be charged a $6 fee?

    • Avatarfinder Customer Care
      JhezDecember 29, 2018Staff

      Hello Alex,

      Thank you for your comment.

      The $6 is called a monthly fee that is applied only at the end of the following month from the date of your purchase. To avoid the $6 monthly fee, you need to pay off your purchase by the end of the month you receive your statement.

      Should you wish to have real-time answers to your questions, try our chat box on the lower right corner of our page.


  3. Default Gravatar
    OceanOctober 26, 2018

    Which is better for my business zip pay or after pay I sell standup paddle boards range in price from $800 to $1400 ?

    • Avatarfinder Customer Care
      JohnOctober 26, 2018Staff

      Hi Ocean coast sup,

      Thank you for your question.

      Though we are a comparison website, we do not provide specific product recommendations, we can help guide you through the process of comparing options. We are on the right page to compare both Afterpay and ZipPay but the decision still rests on your shoulders on what would be better for your business. Hope this helps!


  4. Default Gravatar
    MarkAugust 27, 2018

    I read on a reply that zipPay loans up to $1,000 but on Supercheap Auto site it says zipPay loans up to $8,000 then on another site it says $10,000. Which of these is actually correct?

    • Avatarfinder Customer Care
      JeniAugust 27, 2018Staff

      Hi Mark,

      Thank you for getting in touch with finder.

      Regarding your enquiry, I am afraid that you might have confused yourself between zipPay and zipMoney.

      With zipPAy, you can get approved for up to $1000 only while with zipMoney, you can get approved for over $1,000 and they identify the maximum limit they can offer you, based on the information you provided. With zipMoney, if your approved limit doesn’t cover the cost of your purchase, you’ll need to make an additional payment (a copayment) at checkout. You may be eligible for a limit increase on your zipMoney account once you’ve been using your account for at least 6 months and have a history of successful repayments.

      As a friendly reminder, we do not represent any company that we feature on our pages. It is best to contact zipMoney for further help/enquiries.

      I hope this helps.

      Please feel free to reach out to us if you have any other enquiries.

      Thank you and have a wonderful day!


  5. Default Gravatar
    KerryApril 6, 2018

    I’m just wondering what the maximum amount that you can spend on zipPay would be, please?
    Thank you.

    • Avatarfinder Customer Care
      JeniApril 6, 2018Staff

      Hi Kerry,

      Thank you for getting in touch with finder.

      The maximum loan amount in zipPay is $1,000.

      You may want to know more about zipPay, please click this link.

      I hope this helps.

      Have a great day!


  6. Default Gravatar
    CreditFebruary 18, 2018

    Can I get this zippy my name is Suzanne

    • Avatarfinder Customer Care
      JonathanMarch 7, 2018Staff

      Hi Suzanne, thanks for your inquiry.

      ZipPay is a method of payment which allows you to receive your product now and repay over time.



    • Default Gravatar
      SuzanneMarch 7, 2018

      How do i apply for this

    • Avatarfinder Customer Care
      JonathanMarch 8, 2018Staff

      Hi Suzanne,

      Can you please tell us the store/ vendor you’d like to shop with? Please note that Zippay is not an actual product you apply for. It is the payment system.

      You can check out the full list of eligible stores with ZipPay here.



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